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Search Results 0 to 33 of about 34 (some duplicates have been removed)
FOX Business
Dec 30, 2012 2:00am EST
prices. we'll go in focusith steve bor bes and bill and morgan. is it paying off? >> no, it is 18 times that of nuclear energy. ronald reagan was right. thest thing to immortality is a government program. politicians are labeled with hot wind and we label the section gone with the wind. >> we have sending sib sidies in '92, has it been worth it. >> we are early inlet process. we have subsidized oil and coal and gas. we have done them from darn near a century. these don't look so bad. like it or not, the majority of americans believe that global warming is an issue. we nd to develop clear energy sources. fossil fuels may be a difficult problem. we are subsidizing thingings. it is cheaper to produce energy from natural gas. it is a subsidies. other than it is natural gas there. it is 63 cents compared to $53. that is not a pay off to me. >> i will have to disagree with rick. last time wind energy had any impact was in the century. we have moved in oil and natural gas. but let's get rid of subsidies and lethem sink or swim. wind energy will sink and we'l be better off. it is bhathe sector
FOX Business
Dec 24, 2012 11:00am EST
. dagen: thank you very much. we want to bring in steve moore to ask him quickly if there's enough time to get a deal done. he's senior economics writer at the "wall street journal," author of "who is the fairest of them all" and steve now that i introduced you, we're going to have to go to the new york stock exchange to hear wait till the sun shines which the traders sing every time this time of year. i'm going to pose the question to you. apologies if i need to interrupt you. is there enough time to get a deal done? >> yeah, there is. peter is exactly right that the modus operandi and capitol hill and the white house for the last 30 years is every time they are up against the deadline, they are like the high schoolkid who has to finish thesis paper. they wait till the last minute. so dagen, i'm making a prediction that on december 31st, you and i will probably be talking and i think they will be furiously negotiating and i think they probably wiil reach a deal. let me make one other point if i may, let's say it doesn't happen on december 31st, it's going to happen in january. it is no
FOX Business
Dec 30, 2012 1:00am EST
the fiscal cliff and kick the can down the road, that's going to happen anyway. >> steve, no deal, bad deal? i kind of feel like i'm playing poker. what do you think? >> i can't believe it, but i agree with jim. the most deficit reduction is gog toome from no deal. and that's what we need. that's what this economy needs, the biggest threat to economic growth, if the deficit and the debt, 4 trillion, everybody talks about it as some sort of grand bargain. it's barely a start. this isn't a fiscal cliff, it's a fisca bunny hill, let's slide down it. >> if we slide down, jonas, in the first week, people are going to open up the paycheck and see less money there. i don't think that people understandhat at this point. >> people get used to tax cs, that's the problem. shoort-term expiring tax cuts, including the payroll tax cut. you know, it's not the best way to solve a problem, but th cliff is the result of not coming up with deals and they're not going to come up with battery deal, if it's negotiated it's nothe ideal way to solve it outfter deficit. we'd like t gradually raise taxes and cut spe
FOX Business
Dec 27, 2012 4:00pm EST
the heat of the sun in hawaii going to the heat in washington. steve forbes will be coming up later in the hour. shibani: we will tell you what drove the markets today with today's data down load. stocks gaining momentum in the last hour of trading crawling back from triple digit losses down about 150 points following reports that the house will return to washington on sunday, but that late rally wasn't enough to lift stocks into positive territory, with all three major indices closing lower for the fourth day in a row. materials, financials, amongst the day's top worst performing sectors i should say. new home sales surging to strongest level in more than two years. sales jumping 4.4% from october to an annual rate of 377,000, more good signs that that housing sector much needed to improve the rest of the economy is finally getting a boost. and the number of americans filing new applications for unemployment aid falling to its lowest level in nearly four and a half years. initial claims dropping 12,000 to a seasonally adjusted 350,000 the week prior was revised up by a thousand. da
FOX Business
Dec 27, 2012 5:00pm EST
. steve hayes, senior writer with the "weekly standard" and fox news contributor. jeffrey cleveland senior economist. and doug cote, chief market strategist with ing investment management. i will start with you, sir, doing, sure looks like investors believe we'll get a deal. what do you think? >> i don't think it matters. really what i'm focused on i know what the budget control act of 2011 is. let's call it what it is. it is a loss. why will there be tinkering in the last few days? as a strategist i will not be able to discount what they're doing. i think they just make it worse. i know what i'm getting. they're balanced on increasing taxes. i don't like increasing taxes. i like pro-growth economics but we need to cut spending. right now the law does it. i think go over the cliff. we know exactly what is going on. i'm concerned about a lot more things around the globe, particularly corporate earnings than i am the fiscal cliff. adam: all right. jeffrey cleveland, you're an economist, which is worse, raising taxes doing austerity all at once? what you do i this? >> i think the biggest prob
FOX Business
Dec 30, 2012 2:30am EST
thing was going to happen when we got the tv and we got steve jobs and mark zuckerburg. >> but excessive tv use is not good for the brain. wayne got it right. the internet is it important professionally and personally . all kinds of reans it is it the most important since the gut knowburg printing press. it reduces us to sitting down around the dinner table . we spend hours and hours on facebook. there is it a tendency to come a zombie and get in isolation iose . >> and in the end of the day. john, do we have that kind much an attention span. >> this is not rocket science. we are making trig nomety out of arethetic. >> take away the cell phones and computers f. it is not internet its it something else. it helps them with learning. >> julian, thank you for being with us. >> coming up. >> the stuff that will pop >> the stuff that will pop after the ball drops and get [beep] [indistinct chatter] [kids talking at once] [speaking foreign language] [heart beating] [heartbeat continues] [faint singing] [heartbeat, music playing louder] ♪ i'm feeling better since you know me ♪ ♪ i was a lo
FOX Business
Dec 24, 2012 10:00pm EST
. how you doing? my name is steve. my family's lived in this neighborhood for years. recently, things got so tight we had to go to our local food bank for help. i lost a lot of sleep worrying about what the neighbors might think. that is, until i saw them there, too. how'd i do, steve? a little stiff. you could have done a little better. what? come on. you know, i have an academy award. yeah, but not for playing me. announcer: play a role in ending hunger. visit feedingamerica.org/hunger and find your local food bank. $82 bi lou: foreign buyers are helping to boost our housing msarket. those buyers accounted for billn $82 billion in home sales over the past year. 9 billion of those dollarschines coming from th chinese. t second only to those canadians, as the largest one homebuyers in presidenntry. the io and president ofao citimortgage, he is joining us the ov let's start with the overaller robustness come to power of thit recovery. is it too strong of a language to join these concepts?18 out o >> the housing is recovering on a sustained basis. eighteen out of 20 top cities are now s
FOX Business
Dec 28, 2012 1:00pm EST
that steve jobs would never intentionally do. they are doing all right with selling, but they have to sustain the sales next year. it will be increasingly difficult. apple is throwing out products fairly rapidly. number tim cook came out compact. his training is much like hp and dell. he was never a steve jobs clone. unfortunately, apple was designed to run under steve jobs. david: steve jobs is gone, tim cook is in. does apple ever recover the historic price levels that we saw for their stock just a few months ago? >> it seems, i mean, if you change enough of a company that has been trading very well that has been doing excellent, making almost no mistakes, it is difficult, the odds are against it. it is always possible, but the odds are against it. the apple today is not the apple that was trading at those highs. david: they are telling me i have to cut short. no po, flop or success? will this phone help them? >> i love the 920. android is looking weak. apple is looking a little bit weaker. those two companies will try to come back next year. the 920 is sold very well. it will be a race to
FOX Business
Dec 31, 2012 5:00pm EST
equipment. bringing on new employees and expanding our business. adam: steve hayes, let me ask you and pick up where kim was just speaking the national federation of independent businesses estimate 75% of small business, which we know is the powerhouse, the dynamo of job creation in this country, 75% count their taxes the way that it is called the pass-through or the flow-through. essentially they're the people who get caught by the income tax increase. so this deal that the republicans have agreed to, have they sold out small business or is this the best they can get to protect small business? >> well, look, the deal is going to be a bad deal no matter what happens. it was always going to be a bad deal no matter what happens because the circumstances that led to the creation of the super-committee and failure and sequester. all this was going to be bad from the beginning but i think the idea of raising taxes right now, i'm not in favor of raising taxes anytime, raising taxes now when the economy is failing to sort of get off the ground is a terrible idea. of course it is going to hurt smal
FOX Business
Dec 24, 2012 10:00am EST
want to watch it coming up. how you doing? my name is steve. my family's lived in this neighborhood for years. recently, things got so tight we had to go to our local food bank for help. i lost a lot of sleep worrying about what the neighbors might think. that is, until i saw them there, too. how'd i do, steve? a little stiff. you could have done a little better. what? come on. you know, i have an academy award. yeah, but not for playing me. announcer: play a role in ending hunger. visit feedingamerica.org/hunger and find your local food b ban. david: take a look at this quote about romney. quote he wanted to be president less than anyone i've met in my life. he had no desire to run. now that is from his son, tagg romney about his father. he said that governor romney had to be persuaded to run by his wife and tagg. so company, what do you think about this? do you believe it? adam: if tagg wants back in on the inheritance -- [laughter] shibani: what do you think? if that's the case, then everything worked out as it should have in the first place. well, i would beg that his son is pro
FOX Business
Dec 25, 2012 6:00pm EST
bank. your money needs an ally. how you doing? my name is steve. my family's lived in this neighborhood for years. recently, things got so tight we had to go to our local food bank for help. i lost a lot of sleep worrying about what the neighbors might think. that is, until i saw them there, too. how'd i do, steve? a little stiff. you could have done a little better. what? come on. you know, i have an academy award. yeah, but not for playing me. announcer: play a role in ending hunger. visit feedingamerica.org/hunger and fd your local food bank. gerri: it is called the shadowdo banking system, hedge fund, money market fund, any lender typically not aw st bank and bld by many for the global financial crisis. they're bigger than ever at $67 trillion in termshe of asses according to an report from the financial stabilityrd board. i asked editor-in-chief ofnanc american banker about the risks it poses to the total financial system. >> essays on the financial to system, these were people who were in the business of lendinge money, of investing that are not regulated like a lot of banks so no
FOX Business
Dec 31, 2012 9:20am EST
: let's bring in the author of how rich people think. steve, the rich voted not in overwhelming numbers but they certainly gave many of their votes to president obama in the last election. now, the rich people in america are going to have to pay higher tax rates. you know the rich. you know all about them. you're with them all the time. you write about them. how do they feel about this? >> well, i think the bottom line is, stuart, that the rich that voted for obama voted for obama based on his social policies not his fiscal policies. i don't think they are any happen per about the fiscal policies than anyone else, except maybe the very very wealthy, you know, maybe the michael bloombergs and the warren buffetts. stuart: i think there's a distinction here between wealth, accumulated money which you sit on and which is not taxed, and income, tax flow, which is taxed. i think there's a distinction between the two. when i say the rich, i guess i'm primarily referring to wealthy people who have accumulated wealth and they are sitting on it. they don't care if other people pay higher tax rate
FOX Business
Dec 31, 2012 1:00pm EST
. we still have to pass a budget and a debt ceiling. ashley: that is right. steve moore, senior economics writer with the "wall street journal." steve, thank you very much. shibani: so far the markets are having a tough time deciding what will happen over the next few hours. ashley: traders worried? we will ask a chief market strategist. we will have his opinion coming up next. ♪ [ male announcer ] how can power consumption in china, impa wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. ro price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. shibani: breaking news, live pictures from the white house as we wait for president obama to speak in about 15 minutes from now as lawmakers struggle to hammer out a deal on the fiscal cliff. peter
FOX Business
Dec 26, 2012 1:00pm EST
. the downgrading of the credit rating doesn't seem to have had any effect. lori: but, steve, we have the debt ceiling for a purpose, right? to avoid overspending. yet it doesn't seem to be doing its job. how can we get meaningful spending cuts, preserve entitlements back into the dialogue of this fiscal cliff debacle? >> well, i don't think we have it to encourage fiscal responsibility so much as we have it because it's required for congress to authorize borrowing money to pay our debt and deficit obligations. it's, the way i look at it, it is a mere constitutional technicality and we should raise it. i would like to make one point about on the downgrade issue that he just talked about. if we go over the fiscal cliff, that would certainly be no reason for a downgrade because we would be cutting the deficit and the debt. lori: right. >> but if we kick the can down the road here and don't do anything with a short-term solution, then i think it would be reasonable for the debt, excuse me for --. lori: another downgrade. >> for us to be downgraded, excuse me. lori: let me send it back over to you
FOX Business
Dec 29, 2012 12:00am EST
how you doing? my name is steve. my family's lived in this neighborhood for years. recently, things got so tight we had to go to our local food bank for help. i lost a lot of sleep worrying about what the neighbors might think. that is, until i saw them there, too. how'd i do, steve? a little stiff. you could have done a little better. what? come on. you know, i have an academy award. yeah, but not for playing me. announcer: play a role in ending hunger. visit feedingamerica.org/hunger and find your local food bank. adam: i'm adam shapiro in for melissa francis. here's what's "money" tonight. president obama and congressional leaders try to pull off a fiscal cliff hail mary. their last-ditch meeting at the white house desperately tries to land a deal but the report he hadly not putting any new offer on the table. we have the very latest for you. >>> not even the fiscal cliff can slow down the u.s. oil boom the production surge sets up huge windfalls for businesses outside the oil industry in 2013. who stand to reap the biggest gains? we'll drill down details so you can get in on thi
FOX Business
Dec 27, 2012 9:00pm EST
from, they come from optimistic people living in rich people like steve jobs or leonardo in italy. they are not driven by desperation or worry. in fact, i think it is the pessimists who are the complacent ones these days because they are saying, you know this is as good as it can get. we cannot make it any better. we better be careful about modified foods in indicate they are worse than existing technology. i think this world is great. but it is a veil of tears compared to what w could achieve. >> and could achieve. so, thank you, matt ridley. coming u who wants do go into space? soon we will all be able to go there. >> i talk about how innovation makes life better but where is the innovation coming from? politicians say from government. the big success story is america putting a man on the moon but think about it, yes, nasa put a man on the moon but they spent billions and have not been back in 40 years. by contrast, an organization called x prize is offering a prize and now a space ship launched three people into space. they won $10 million. there is another x prize offered for
FOX Business
Dec 28, 2012 12:00am EST
co om, they co from optimistic people living in rich people like steve jobs or leonardo in italy. they are not driven by desperation or worry. in fact, i think it is the pessimists who are the complacent ones these days because they are saying, you know this is as good as it can get. we cannot make it any better. we better be careful about modified foods in indicate they are worse than existing technology. i think this world is great. but it is a veil of tears compared to what we could achieve. >> and could achieve. so, thank you, matt ridley. coming up, who wants do go into space? soon we will all be able to go there. >> i talk about how innovation makes life better but where is the innovation coming from? politicians say from government. the big success story is america putting a man on the moon but think about it, yes, nasa put a man on the moon but they spent billions and have not been back in 40 years. by contrast, an organization called x prize is offering a prize and now a space ship launched three people into space. they won $10 million. there is another x prize offed for
FOX Business
Dec 24, 2012 2:00pm EST
salary. we make it so difficult. you think about how the great innovators started. people like steve jobs. there was not this regulatory mooster that makes it so difficult and more expensive to hire people. minimum wage is a big part of it. if people want to work for five or six dollars an hour, it is their right to do so. melissa: i am struggling with the very serious commentary coming out of this president. the only thing they can do is raise prices. people have said to me, well, if you go into best buy or something is because they know people have a better working wage. >> it essentially kills job creation, especially on the low end. i do not think it is their job to make that decision. nor is it the government whether it is a fair wage or not. melissa: i love your embracing and celebrating christmas. it is very pro- christmas. what was the thought process that went into im going to get a giant box and wrap it up and randomly wear it on television. we had no warning that you were going to do this at all. this is a complete surprise to me. >> there is so much to celebrate. christmas is
FOX Business
Dec 25, 2012 1:00pm EST
a name to it, you mean steve jobs did something wrong or famous davs became a millionaire making cookies? no, it is the oil companies or the finance company, it is a amorphous entity that's easy to travel light as an enemy. instinctively it feels right, but it is completely worthless, does not. john: instinctively it feels wrong for thousands of years there were laws against usury, loaning money at some interest rate somebody decides is too high. and yet our economy is built on loans. >> this is another one of those tribal instincts that somehow is taking something away from me. because in our ancestral environment and up to the industrial revolution most people did not fairly make money. there was some kind of cheating going on, it was not a zero-sum game. only recently did it become a win-win. not only helps me, but it helps you and everybody, very counterintuitive sold and resold repeated over and over because it doesn't feel right. john: most everybody had no doubt about the answer to this. >> who helps the poor more, charity or business? >> charity. >> charity. john: most everyone s
FOX Business
Dec 27, 2012 11:00am EST
the country. dennis: the white stuff isn't bad news for everyone. record snowfall means big business for steve resorts. we got the ceo. shibani: let's look how the ten year treasury is fairing down four basis points. [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all onhinkorswim from td ameritrade. ♪ >> i am adam shapiro with your fox business brief. a tough day for the market with a few days left before tax hikes and budget cuts go into effect. harry reid says the u.s. is likely to roll off of the fiscal cliff and will speak to reporters about those negotiations. mortgage rates finished out the year near historic lows. freddie mac says the average for a 30 year fixed mortgage east to 3.35%. the empire state building is one step closer to going public. the management of the iconic skyscraper has been given the go-ahead by the securities and exchange commission to allow the building to be in
FOX Business
Dec 26, 2012 6:00pm EST
. breaking the record for the most expensive co-op ever sold in new york. and number four, steve wynn. he bought this luxurious condo. also in new york city. $70 million. the apartment which was once the hotel's ballroom has 14 rooms and over 10,000 square feet of space. which is massive for new york. number three, we are still in new york were a russian billionaire bought a penthouse on central park west for $89. he reportedly bought it for his college age daughter to use when she's in town. i hope she's countable there. number two, this lavish new york city duplex penthouse with jetliner views of central park. the 11,000 square-foot penthouse was originally listed for $110 million. but the buyer is anonymous. i can tell you it is. the most expensive home by 2012, look at this. it is in montana. the billionaire owner of the st. louis rams bought this range. the final sale price not yet revealed. but if he paid nearly 1.5 million asking price, it would have been by far the biggest residential real estate sale in the u.s. this year. i could use a ranch house. that would be nice. coming up,
FOX Business
Dec 26, 2012 11:00pm EST
't heard back yet. steve moore is here with us. if th strike happens, some estimates say $1 billion per day hit to the economy. >> yeah, the's no question. if you -- you used the right word, cripple the economy. the ports in this country are the backbone of our trade, both export and imports and i've read estimates of $100 billion or more comes in and out. so it cook devastating, and reverberate throughout the economy. retailers, whesalers. food distributors, everybody would be affected by the strike if it goes forward. >> exactly what do the unions want and what is management willing to do? how far apart arehe two groups? >> it's inresting. they're not really -- normally in a wage dispute with the union,ettes it's about wages and benefits but in this case it's not. what the unions are objecting to, according to the media reports i've been seeing, is theybject to new kinds of work rules and new kinds of efficiencies that the port systems want to put in place to make the ports more productive, lower costs. that's happening -- you cover these markets every day. it's happening in every industr
FOX Business
Dec 25, 2012 5:00pm EST
behind the ad. steve, welcome to the show. >> thanks so much for having me. melissa: i understand that this is a parody and it is meant to start the discussion and that's why we're having you on tonight and i'm going to rise right to the bait and tell you as a mom of small kids and someone who follows industry closely i'm totally offended how disingenuous the words in your ad are. let's start with some of them. you say congress gives the fossil fuel industries, 10 dal billion your subsidies? no they're not. they're exxon hard-earned profit. not giving them to the government to feed the beast that keeps spending and spending our money. instead they're allowed to hang onto a small portion of their profits. >> that is actually not really accurate. there have been numbers of studies, most recently from the organisation for economic co-operation and development but also last year we saw a bill proposed in congress from senator sanders and representative ellison, all of which identify over $10 billion annually that are going to the fossil fuel industry in subsidies. melissa: but you say
FOX Business
Dec 27, 2012 1:00pm EST
. he still makes more than the late steve jobs, he had a $1 salary every year over his stock options. it is easy to say he is being punished for the stock price decline in apple but i think it was set up before, the precipitous decline. tracy: should heat man up and take $1? lori: i think a company like apple with its huge cash turn and the money it makes probably one of the toughest ceo jobs, probably earns it. tracy: plenty of apple products. lori: we should really judge, that is what the board is for, all of these -- tracy: very diplomatic of view. new applications for jobless claims fall to a five year low. is this a sign of real progress or a technicality tied to the holidays? economist and senior fellow kevin hasset at that. lori: major trading partners around world. it is stronger, people flocking to the dollar, flocking to u.s. treasurys, running out and raising for the exodus, u.s. equities market, it is the fight for equality under way. we're back after this. tracy: three trading days left in 2012. all eyes on the fiscal cliff, sandra smith looking at our commodities are re
FOX Business
Dec 24, 2012 5:00pm EST
innovators started. steve jobs and walked in to ask bill hewlett for a job there wasn't this regulatory monster that makes it so difficult and more expensive to hire people. of course minimum wage is a big part of it. that is also immoral too. if people want to work for five or six bucks an hour it is their right to do it and employer's right to provide it. melissa: let me ask you, only thing they can do is raise prices, companies in order to pay people more money. people said, if you go into best buy or wherever, people don't mind paying more if they know the reason they're paying more so the workers have a living wage. what is your response to that, giant present? >> i don't think, i think living wage is actually kind of a load term. it is used as justification for this massive regulatory state that essentially kills job creation especially on the low end. and i mean, i think, you know consumers would certainly buy from someplace if they felt like they were getting value for their money but i don't think it is their job to make that decision nor is it the government's job to say what
Search Results 0 to 33 of about 34 (some duplicates have been removed)